Noosaville's most secure management rights investment is now for sale | Resort Brokers ID : MR008125

$2,350,000

Resort / Holiday Management Rights, Noosaville QLD

ResortBrokers presents an exceptional business venture that you wont want to miss.

This opportunity boasts a substantial net profit of over $315,000, supported by extensive 22-year agreements and a robust setup. All apartments feature a dual-key facility, maximising revenue potential with 28 keys available for letting. The walk-up building and unique lot configurations deter owner-occupiers, effectively safeguarding your investment.

The spacious three-bedroom manager's residence offers the flexibility of off-site living, along with the potential for significant additional annual income not reflected in the P&L. Ground-floor three-bedroom apartments in this area are a rarity, allowing you to either reside in it or generate further returns while living offsite.

Thanks to its diverse room offerings, the resort attracts a strong corporate clientele during the week while enjoying a lively weekend trade, particularly from weddings and events. Ideally located near Gympie Terraces and Noosa River, this propertyis suitable for management at all levels. With no set office hours, it can be easily managed by either a single individual full-time or a relaxed couple.

- Twin Quays is the only privately owned business with a dual-key setup of this kind. Providing enhanced security for the letting pool compared to other businesses in this highly sought-after area.
- Dual key facility in all apartments, offering 28 keys for letting.
- Units designed to discourage owner-occupiers, ensuirng consistent availability for letting.
- Prime location near Gympie Terraces, Noosa River, shops and award-winning dining establishments.
- Low-maintenance common areas featuring a heated pool, lush tropical gardens, and solar power for common area electricity, all supported by a generous body corporate salary of $68,456.
- High net profit exceeding $315,000.
- Secure business with 22-year agreements and a supportive body corporate.
- A turnkey business opportunity perfect for new managers or couples looking for a relaxed yet highly profitable venture.
- Inspections by appointment only.
Date updated: 01 Nov 2024 00:00:03

More Information

Financial Overview

Total Purchase Price: $2,350,000
Net Income: $ 315,783 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,100,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: undisclosed
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 14
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 1
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 1
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 17
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 68,456
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: No set hours
_{Required Office Hours}

Complex Features: Relax in tropical gardens, laze in the sparkling heated pool or soak in the spa. Pool Towel Hire $5 per person per towel per stay. Dine indoors or outdoors at our BBQ facilities. All apartments are air conditioned and have free Wi-Fi. Free undercover parking is available on-site. Our friendly on-site team can assist you in planning your Noosa and Sunshine Coast trip with recommendations for the restaurants, cafÃ©âs and boutiques of Noosa River foreshore or Hastings Street and beyond. Be as active or relaxed as you wish with access to water sports, walking or cycling paths to day spas and yoga studios right at our doorstep. During your stay, you will enjoy access to a full range of facilities sure to make your Sunshine Coast getaway a holiday to treasure. Laze by our heated pool, sink into the spa or enjoy a family barbecue in the gazebo set within our tropical gardens. facilities Heated Pool&Spa Free Wireless Internet Walk to Groceries Free Undercover Parking Poolside BBQ Walk to Eat Street Tropical Garden Resident Manager

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,100,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: The managers unit is spacious and airy, featuring three large bedrooms with newly laid carpet and two well-designed bathrooms. The apartment boasts a large enclosed courtyard and is also fully air-conditioned.